$1,600,000
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6490 S Us Highway 1 Port Saint Lucie, FL 34952
Other
Residence
Beds
Baths
...
Bed/Bath
5,826
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented... financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.
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MLS#
O6178100
Property Type
Other
Year Built
1957
Square Feet
5,826
sq. ft
Lot Size
0.49
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Source: Walk Score®
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